“Instead of worrying about what you cannot control, shift your energy to what you can create.”
― Roy T. Bennett, The Light in the Heart
What if you have been hustling so hard to secure your family’s future only to find out you never really have prepared for it?
The problem with most people is that they invest in wrong things, those that are perishable and depreciate. They save up for luxury instead of security, splurging on lifestyle instead of getting ― life insurance.
The passing of a loved one may be inevitable, but it is something that you can prepare for. The beauty of life insurance allows you to ensure a sustainable future for your family if something unfortunate happens to you.
Choosing to be a life insurance policy holder can be an emotional but nevertheless a practical decision.
Imagine sitting on a rocking chair while looking at the sunset and asking yourself why you never found the time to buy life insurance while you were still well and able.
Then your mind starts to wander…
“What would life be like for those I would be leaving behind?”
“A mortgage is too expensive, so my bereaved family would have to move to a less safe neighborhood.”
“My spouse would be working round-the-clock to maintain a lower cost of living.”
“My kids would have to transfer to a cheaper school because my partner would not have the means to send them to an exclusive school anymore.”
Then you start to ask yourself, “What if I said yes to the agent?”
If this is you and want to ensure a worry-free and hassle-free life for your loved ones, know everything you need to know about life insurance.
What is life insurance and what are its benefits?
A life insurance policy is an agreement between a legal entity and the insurance company. The insurer promises to pay a beneficiary a sum of money upon the policyholder’s death caused by natural and accidental death.
Supposed a person, a policyholder dies of a terminal illness, the designated beneficiaries will be entitled to payment and financial assistant for/to:
- Burial expenses
- Monthly bills like mortgages
- Education expenses
- Estate taxes
- Equal out inheritance
According to insurance market statistics, based on the 2019 Insurance Barometer Studies, the top 3 reasons for purchasing life insurance are retirement is 37%, death and final 30%, and wealth transfer 28%.
What are the different kinds of life insurance policies, and how do they work?
- Permanent life insurance provides coverage that lasts your entire life. It includes a cash value component that serves as a living benefit for policyholders to draw funds.
- Term life insurance policy typically provides coverage between 10 and 30 years. Unlike the permanent policy, you have to pay management fees incorporated into your premiums.
Overall, life insurance is a wise investment that prepares you for an unpredictable future. However, based on research people tend not to make sound financial decisions for the following reasons:
- It’s too expensive
- They don’t think they need it
- They don’t know what type of policy to get
- They don’t know how much coverage to get
- The process is too confusing
TX Insurance Quotes, with over 30 years of experience as an insurance provider, safeguards your family’s future with an affordable life insurance policy. Life insurance gives your beneficiaries assurance with financial assistance even after a loss. The insurance coverage will help pay for mortgages, college tuition fees, debts, and loans.
At TX Insurance Quotes, we want to help you protect your family from unforeseen financial constraints in the future due to sudden loss, making you save money.
For your insurance policy needs, contact us for a free quote.